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#AEW2023 Farmout Forum Connects Investors to African Blocks

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African Energy Week

Financial services company Moyes & Co, global acquisition and divestment advisor Envoi, and oil and gas deal listing platform FarmoutAngel hosted the African Farmout Forum at this year’s African Energy Week conference

CAPE TOWN, South Africa, October 18, 2023/APO Group/ — 

The African Energy Week (AEW) 2023 conference and exhibition – organized by the African Energy Chamber (http://www.EnergyChamber.org) – is centered on facilitating investment across the entire African energy value chain. This year’s conference featured the inaugural African Farmout Forum, a dedicated investment platform spearheaded by financial services company Moyes & Co; global acquisition and divestment advisor Envoi; and oil and gas deal listing platform FarmoutAngel.

The Farmout Forum served as a premier platform to sign deals while gaining first-hand insight into emerging E&P opportunities in Africa. Mike Lakin, Managing Director of Envoi, kicked off the forum by stating, “We will have a major problem in the world if we are not drilling.” Presentations were delivered on various exploration opportunities.

PetroQuest: Somalia

PetroQuest is offering an investment opportunity for three blocks – PSA Blocks 131, 190 and 206 – offshore Somalia. Somalia has only had two deepwater wells drilled to date. PetroQuest has 15,000 km² of seismic data; a new Production Sharing Agreement has been set up and the company is now looking for suitable partners.

Tower Resources: Cameroon

Representing a short-cycle opportunity, Tower Resources presented on the Thali Block located in the Rio del Rey Basin in Cameroon. The appraisal well will be drilled next year which aims to unlock the opportunity to drill a further three wells. Tower Resources is targeting first production at 2025.

Tower Resources: Namibia

In Namibia, Tower Resources offers an opportunity for Blocks in the Northern Walvis and Dolphin Graben Basin. Wells have been drilled at the basin, but previous activities were conducted between 25 and 30 years ago. While the company is not ready to farmout yet, Tower Resources is looking at engaging with prospective companies.

ProdOil: Benin

Angolan company ProdOil is exploring onshore Angola in the Lower Congo Block. Awarded to ProdOil in a bid round closed in 2022, work is underway to reprocess 2D seismic data and the company is looking for someone to take on the work commitment.

Atlas Oranto Petroleum International: Senegal

Atlas Oranto holds two licenses in Senegal, Cayar Shallow and St. Louis Shallow, adjacent to one another. The company is seeking to farm-down interest in those two licenses and believes that it is a highly attractive opportunity. The licenses have been extended to 2026.

Atlas Oranto Petroleum International: Equatorial Guinea

Atlas Oranto is also offering an opportunity in Block P; Block EG-02; and Block EG-H in Equatorial Guinea. The Ministry of Mines and Hydrocarbons has already approved the development plan and they believe to have between 17 and 38 million barrels of oil in place. Licenses have been extended to 2026.

Atlas Oranto Petroleum International: Namibia

In Namibia, Atlas Oranto Petroleum has an exciting opportunity in PEL 106: Blocks 2011B and 2111A. Located in the Walvis Basin, the blocks have been extended with a nine-year exploration timeline. The company is selectively looking for partners to farm-down and farm-in.

DAJO Group: Nigeria

DAJO Group is offering a 40% working interst in OPL 322, offshore Nigeria. The Block has two fields within it, the Bobo and Ago Structure.

With the opportunities on the table, the African Farmout Forum provided attendees the chance to join exciting new plays, thereby opening up new basins across the continent

Sierra Leone License 202a

Awarded under the country’s fourth licensing round to Innoson Oil and Gas Ltd, the prospect comprises nine ‘whole’ blocks comprising 8,035km². There is 2D seismic survey available with wildcats having been drilled following data acquisition. There is additional a CPR report available for any company interested in the farm-in opportunity.

Kariya Energy: Nigeria

Kariya Energy is offering an opportunity offshore Nigeria in OML 109. Currently, there are two near-term prospects which have the same geology as neighboring Ejulebe field. There is a CPR on the block which was completed in 2022. The central processing facility has been revamped and the license has been extended to 2037.

Tetracore Group: Nigeria

In Nigeria’s OML 53, Tetracore Group is looking for $50 million investment for Phase 1 of the field development to redevelop the marginal field. They have an early production plan and a lot of historic work.

Coastline Exploration: Somalia

Coastline Exploration holds interests in Blocks 129-130, 141, 143, 191, 192, 205 and 221 and has 2D seismic data on the area. The company is looking for a partner to part-fund a 3D seismic survey over some of the most prospective blocks.

ReconAfrica: Namibia

Onshore Namibia, ReconAfrica has over six million acres while in Botswana, over two million acres. The company has shot 27,000km of 2D seismic and they have 20 prospects and leads identified so far. They are approved to drill 12 prospects in the area and are going through a basin modelling.

CoMiCo: DRC

CoMiCo has an investment opportunity in the frontier Cuvette Centrale Block in the Democratic Republic of the Congo.

Africa Fortesa Corp: Senegal

Africa Fortesa Corp is seeking partners for Sadiaratou and Diender Permits in Senegal. The company is looking for capital to hook-up upcoming wells to markets. They have a right to deliver oil and gas directly to customers, making it an ideal investment opportunity.

Biogas Unite: Africa

Biogas Unite is developing a biogas project in Africa. The project comprises gas that is not immediately flammable and can easily be transported, therefore ideal for domestic use. The company is looking for $750,000 investment to upscale what they have and expand across Africa.

Further opportunities were provided in blocks in Guyana and Australia, with presenting companies including Eco Atlantic, Petro Australis Energy and Liberty.

In addition to company presentations, insight was provided into the DRC’s ongoing licensing round. Blocks are on offer in the Cuvette Centrale Basin; Albertine Graben Basin; and Lake Tanganyika Basin, with deadlines for submissions of interest January 2024; October to December 2023; and September to October 2023, respectively.

With the opportunities on the table, the African Farmout Forum provided attendees the chance to join exciting new plays, thereby opening up new basins across the continent.

#AEW2023 takes place this week in Cape Town under a mandate to make energy poverty history by 2030. Keep following www.AECWeek.com for more exciting information and updates about Africa’s premier energy event.

Distributed by APO Group on behalf of African Energy Chamber.

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Aurionpro expands its multi-country transaction banking engagement with Diamond Trust Bank (DTB)

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Aurionpro

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers

MUMBAI, India, April 30, 2026/APO Group/ –Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO)a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries.

Download Document: https://apo-opa.co/4edHUaC

This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, ‘digital-first’ banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets.

Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint.

Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya   commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.”

Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.”

He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”

Distributed by APO Group on behalf of Aurionpro Solutions Ltd.

 

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Minerals Council Chief Executive Officer (CEO) Joins African Mining Week (AMW) as South Africa Improves Sectorial Investment Climate

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Energy Capital

Minerals Council CEO to share insights on policy, infrastructure and investment trends shaping South Africa’s mining industry

CAPE TOWN, South Africa, April 30, 2026/APO Group/ –The upcoming African Mining Week (AMW) conference will feature Mzila Mthenjane, CEO of the Minerals Council of South Africa, as a speaker. Scheduled for October 14 – 16, 2026 in Cape Town, the event will bring together global investors, policymakers and industry leaders, with Mthenjane’s participation highlighting the council’s commitment to engaging international stakeholders and promoting investment across South Africa’s mining sector.

His participation comes at a critical moment as the Minerals Council works closely with government on finalizing the Mineral Resources Development Bill 2025, a policy framework aimed at strengthening the country’s mining investment climate and the sector’s contribution to GDP. According to the council, the revised legislation will support new investment across the value chain as South Africa seeks to mobilize R2 trillion over the next five years to unlock its critical minerals potential.

The policy reforms come amid shifting production trends in the sector. In 2025, South Africa recorded declines in gold and platinum group metals output of 1.9% and 4.1%, respectively. The new regulatory framework is expected to strengthen public-private partnerships and stimulate investment, enabling South Africa to increase production and capitalize on strong global commodity prices. Increased private sector investments is crucial with South Africa seeking targeting to unlock an estimated R40 trillion in untapped iron ore potential as well as maintain its position as the world’s leading producer of chrome and manganese.

At AMW 2026, Mthenjane is expected to outline these trends, providing insights into how the council is contributing to addressing challenges disrupting the sector. Infrastructure and energy costs remain key concerns for industry players. To support the energy-intensive sector, South Africa approved a 35% reduction in electricity tariffs for major ferrochrome producers, helping stabilize an industry that has faced significant cost pressures after electricity prices surged by roughly 900% since 2008.

Logistics constraints are also a priority area for reform. South Africa’s economy is losing an estimated R1 billion per day due to inefficiencies across rail and port infrastructure. As a result, the government is considering measures supported by the Minerals Council to increase private sector participation in logistics. Planned reforms include rail modernization initiatives targeting 250 million tons of freight capacity by 2029, alongside port upgrades and private operator participation aimed at strengthening mineral exports and improving supply chain efficiency.

Beyond infrastructure and policy reforms, the Minerals Council is advocating for stronger exploration investment to support long-term industry growth.

At AMW, Mthenjane is expected to highlight these developments and outline the steps required to reinforce South Africa’s position in the global minerals supply chain. His insights will offer investors and stakeholders a timely perspective on opportunities within the country’s mining sector.

Distributed by APO Group on behalf of Energy Capital & Power.

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Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

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African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

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